HONGKONG DAILY PRESS
"
Finance and Commerce
British Interests In China
YANGTZE TRADE
AND CONTROL IN
די
WEEKLY WHEAT
REPORT
REYNOLDS AND GIBSON
WHEAT
(Per Payne & Co.)
Liverpool, July 18. Liverpool-An improving ten- dency was visible in the first part of the week under review but thei last day or so new record low levels
·SHANGHAI AREAS have been established.
LONDON, Aug. 3 (Beuter)—.
No reply has yet been received by Sir Robert Craigie re- garding the representations made on June 6 with 笑的一 ference to the Japanese naval and military restrictions on British trade in the Yangtse delta, declared Mr. R. A. But- ler in the House of Com- ..mons yesterday.
He added that Sir Robert Craigie had been asked to continue to press the matter in view of the great urrency
of the question.
S'hal Counell
The great bear factor is the in- dicated surplus on August 1, of 328 million bushels for the
BUNTING & CO WIND UP
Empire's Biggest Tea Brokers
LONDON, Aug. 3 (Reuter). At a shareholders' meeting yesterday, „Messr. Bunting and Company, the Empire's big- rest tea brokers, decided to go into voluntary winding-up.
At a subsequent statutory meet-
four... major exporting countries. ing. a Creditors' Committee of As we hinted last week, however. Inspections, consisting of the Ave there are several countries this principal creditors, was appoint- year whose exportable surplus will ed.
be considerably, reduced and for the
"
£522,263 Deficiency
USA., France. "and Rou- mania these reductions are coin- An approximate statement of cidentally together estimated to affairs revealed that äs against total 328 million bushels.
llabitles of £2533.583, there ap- Several Committees have sat pears to be a deficiency of £522,- during the week in London, in con- 283. Value has been taken Into nection with the International the statement for the company's Wheat Conference, viz. the Pre-interest in subsidiary- companies paratory Committee on which ten or for impending claims against LONDON, Aug. 3 (Reuter)-Mr. countries are represented, and the English and Scottish Joint A.C. Morcing asked in the House meeting of the "Big Four" export-Co-Operative Wholesale Society, of Commons yesterday what had ing countries. Further news
18 Ltd. been the result. of the discussions awaited regarding a full con It is intended to between the Shanghai Municipal ference to discuss the disposal of claim vigorously. Council and the local Japanese the season's crop.
"Reuter" was informed that authorities
To our mind the large carryover heavy stocks of tex held were tion of the Yangtzepoo and Hong-mentioned above has been fully valued for this kew districts of Shanghal to the discounted in the price and the July 6, since wher the values purpose ELS at control of the Council, and whe-market will become very sensitive have appreciated. ther Mr. Chamberlain was yet
to bullish information. Already
concerning restora-
prepared to approach the Jap-there has been some apprehension anese Government in the matter.
over the continuance of hot wea-
Mr. Butler replied that d13- ther in North America.. cussions between the Council and the
Japanese
authorities were
Fresent levels do not ouer much
still proceeding and he under-attraction on the bear side in all stood that a certain measure of the circumstances, and although agreement had been reached.
the last day or so offers of new No action on the part of
the crop US Wheat have been hover- Government appeared to be calling over the market and exerting ed for.
ON
LONDON STOCK. EXCHANGE
European Tension Anxiety
LONDON. Aug 3 (Reuter)--- European anxieties were rez- ponsible for a general drift downwards in prices on the London, Stock Exchange yester- day, though not much selling pressure was visible.
Home ralls were especially weak the possibilty of a strike
following a wage dispute affecting
FINANCE
H. K. STOCK EXCHANGE
The market continued quiet with
very few enquiries,
BUYERS
H.K. Wharves, $102,
ELK Lands $34.
HE. Land 4% Debentures Par.
Yauma Ferriea, $22,
Canton Tees, $1.
Cements, $12.
HK, Govt. 4 Loan, $102 H.K. Gort. 3 Loan, 99.
SELLERS
China Underwriters, $1.35, Humphries, $3.
SALES
HK, Bank, $1325.
Telephones (0), 5211/22,
Atoks
PHILIPPINE MINING
FRIDAY, AUGUST 4, 1939. —PAGE (1)
LAMMERTS AUCTIONS
| PUBLIC AUCTION.
THE RIGHT LABEL 13
White Label
DEWAR'S FAMOUS
PIO
BOLE AGENTS':
Ä. S. WATSON & CO., LIMITED.
TEL 20616,
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
also
White Label EAT SCOTCH FING
OF GREAT 108.
Demur & Sons
DISTILLERE
KAIPING COAL
FOR ALL PURPOSES
FRIDAY," THE 4TH AUGUST, 1939
Commencing at 11 AM
At their Sales Room, the rear portion of Powell Building, 12 Dea Voeux Road Central,
5 Bales Paper
7 Reels Paper "
1 case Paper
8 colls Iron Rod
3 Bales Hoop Steel
1. Iron Pipe
38 Drums Engine Qil
"(stored in Godown No. 13 of the China Provident Loan & Mortgage « Co. Ltd., Kennedy Town),
also
A Quantity of Household Furni- ture including:
1 "Monroe
chine
"
Calculating Ma-
1 "Underwood Typewriter
I "Royal" Typewriter.
1 "Karachi" Ceiling Fan with
"Howark" Regulator
1 "Marell" Ceiling Fans with
Regulator
3 Ceiling Fans
2 Uncased Second-hand Machine.
Parts
QUOTATIONS
Centavos.
23
Antamoks
241
SCOTCH
Baguio Gold
21}
Batong Buhay
013
IT NEVER VARIES
Benguet Consolidated
10.80
Big Wedge
221
Coco Grove
25
Consolidated Mines
0025
Demonstratión
104
WINE DEPT
T. X. L
43
Ipo Gold
161
pursue this
Itogons
25
Manbulao Consol
07
Masbate Consol.
113
Mindanao Motherlode
031
Mine Operation
13
North Camarines
Paracale Cummaus
18
San Mauricio
92
Surigao. Consolidated
24
Buyoc Consol.
144
Profits And
Syndicate Investment United Paracale
032 45
The Boom
LONDON," July 21 (By Air Mall) a softening influence, we do not-It seems that the consumptive think operators should be dis-trades may share to a great extent couraged from taking advantage of in the future in a prospective rise quiet days and any easing in industrial profits. quotations to accumulate moderate The Industries of greatest holdings on the long side.
outward activity, serving defence Stock of Wheat in Liverpool: { requirements, will continue to be This week 822 loads. last week 749 controlled by Government contract loads.
Axing and profits which escape
Chicago. This market has kept this mesh will be caught in the A. fairly steady throughout the week P. D. net.
"}
and purchases against sales of Despite its fiscal difficulties, a Winnipeg are still feature of general excess proûts duty can be the trading
supported by strong economic Winnipeg. A further widening arguments as soon as the point of
of the difference between this mar-full employment is attained. ket and Chicago has again been noticeable due to a certain extent
That may be only six months
to the straddle operation mention-away; and nine months hence, ed above. During the week the when the accounts of the current Canadian Government has fixed financial year are balanced with a Elsewhere Burma Corporations, the minimum price to the farmer large debit, one of the few avenues were steady, on a dividend of five at 70 cents. applicable to the 1939 of relief from the huge fiscal burden annas compared with four pre-crop. effective August 1:
the whole railway system
viously.
Among commodities, copper re- corded a further small improvement largely owing to reports of the ex- cellent consumption, with revival in speculative interest. Wall street was very quiet.
some
LONDON GOLD
London Aug. 2.(Reuter). Bar Gold, Fine per oz., 148/8). Dollar Parity. 1d. premium,
LONE ATLANTIC SAILOR WAS PIRACY SUSPECT.
LONDON, July 17 (By Air Mail)-His 'sma: ing experiences during a 10,000-mile, fourney of adventure were recounted to a reporter yesterday by Franels Edward Clark, a 55-year-old sea- man who brought his seven-ton cutter-rigged yacht Girl Kath- leen into Newlyn Harbour, Cornwall, after having crossed the Atlantic single-handed with a sextant and compass as navigating instruments. The voyage took a month and three days. Clark, who is a native of Ports- few ships and none sumciently mouth, left Britain in 1937 on his near to speak with. Finally I -10,000-mile voyage of adventure, reached the Bay of Biscay. By He was sailing for Charleston, this time my food had practically North Carolina, but bad weather min out and I was on strict compelled him to put into Bavan-rations. nah Georgia.
Court Proceedings
Clark told & reporter, "I had difficulty in proving my bona fides. The authorities held the view that
:
"I got my, position by dead reckoning. In order to get some sleep I lashed the "tiller and hoped for the best. "After leaving the Bay of Biscay
my papers were not in order. This I fell in with a fishing boat, and
led to court proceedings, there be- was told I was near the Beilly
ng a suspicion that I might pos- Isands. I made for Mounts Bay, sibly be a pirate.
which I reached on Saturday with
"
"After Intervention by many
may be found in a rising trend of industrial proats.
RESERVE BANK OF INDIA STATEMENT Calcutta, Aug. 2 (Reuter).
July 21 July 28
Notes in circulation (including Notes held in the Bank-
7,200 7,301
ing Department)... 21,329 · 21,430 Rupea Coin and Bul-
lion in Indian Gold Coin and Bul-
Hon in India Securities ('Indian
Government) Securities (British
Government)
4,154 4,154
3,737 3,737
5,950 5,650
OIL COMPANY WORKERS STRIKE.
NAIROBI, Aug 3 (Renter)--The port of Mombasa was closed by the police following a threat by strikers to intimidate men at work there.
among all company employees and now involves 6,000 workmen re- presenting every class of African
The strike began a week ago
seven dollars on board and very labour, Higher wages are demand-
friends in America the Court re-little food."
duced the fine and finally remitted
"I sailed for New York and en- countered, very bad weather 15- deed. I had to drink rain water, and my sole supply of food was dried beans
Badly Hurt
"Ultimately I decided to sail for England, but my funds were so, low that I was compelled to sell my chronometer. With the money. I bought stores of food, and this left me with only a sextant and compass to cross the Atlantic with: Although I was able to get my latitude, it was difficult to obtain
my, correct position.
T
I left New York on "June" 12: My best, run was on June 19, when
did 36 miles in 48 hours.
Very Few Ships
"After that the weather was comparatively fine." I saw
ed.
AH TUNG
廞爐稻器機鐵釬東亞
Diesel Engine Driven ARC welding Plant-2
operators for Oxy-Acetylene Cutting and Weld-
ing for Ship and Boiler Repair, Copper-smiths, Boiler makers, Iron and Brass Founders, Ship- building Contractors and General Building Contractors.
General Office Aia Irife Building, Boom 414,
Tel. 25621. Post Office Box: 638, Hong Kong Workshop Tai Kok Tanj
Tel. 66083 Please apply for estimates,
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Tra.isacted on Wednesday, Aug, 2, 1939. HK. Trams
500 $18.70
Telephones. (0) ... Telephones (N) China Lights (N) Anthroks
on Thursday, Aug. 3. 1939. " H.K. Banks
20 $1,325.00 500 22.00 7.25
37
20
4.00
5.000 0.24) ctvs
HYDRO ELECTRIC
SCHEME FOR CEYLON
The State Council has passed a vote of Rs.14.500.000 for the Government's hydro electric scheme. A condition"in the con- tract is that the contractors must employ 90 per cent. of Ceylonese labour and must give facilities for training Ceylonese here and abroad. The contractors may lf- port materials duty free.
HOME, FACTORY
AND BUNKERS
POWER
HOUSE,
TUGS & LOCOS
and..
A Quantity of Tinned Provisions
3 Remington Cash Registers
1 Marble top counter
THE KAILAN MINING ADMINISTRATION.
Head Office:-TIENTSIN.
DODWELL & CO., LTD.. Agents, Hong Kong.
Terms: Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
靠可用耐油漆牌駝駱
PAINTS, ENAMELS.
VARNISHES & SPRAY LACQUERS
DURABLE & ECONOMICAL
MAMWAGTURED CY
THE NATIONAL LACQUER & PAINT PRODUCTS CO. ETO.
KINGS ROAD, HONG KONG, TEL 31601-2
品出司公限有油漆燥製民國
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AND
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PUBLIC AUCTION.
¡HE Undersigned have received
justructiona
"TO SELL BY
PUBLIC AUCTION
ON
FILLDAY, THE 4TH AUGUST, 1939
Commencing at 2:30 PM.
"At their Salee Room, No. 35 Han- kow Road, Kowloon.
À QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:
Divane, Braas, - Iren: and Tenk- wood Bedsteads, Dressing Tables: Wardrobes, Chests of Drawer Hatstands Chesterfield Suite, Di ing Tables, Chairs, Dinner Kons, Ice Chests, Deska Type- writer Tables, Glass and Capineta, -Bookcaser, Brams, IP Aluminium, Porcelain Glad and Rattan Ware, Cutlery, Mlectrie Table Fans and Lamps, Orrisments Cooking Utensils, etc., etc.
A FINE SELECTION OF
- BLACKWOOD FURNITURE.
Comprising:
Carved Armchairs, Chairs, Table
Curio
etc., etc.
and
One GEO." All Wave 10%
Twin Speaker Radio Bet
One Feking Carpet
Two Peking Rugs
On VW from THURSDAY, the 3rd-AUGUST, 1939.
ash on Delivery
BROS ERA